Apple Inc. ($AAPL) Found Buyers at the Blue Box Area as Expected.

ElliotWave Forecast • Jan 2, 2024 at 3:02 PM EST

Hello everyone. In today’s article, we will look at the past performance of the 1H Hour Elliott Wave chart of Apple Inc ($AAPL). The rally from 12.11.2023 low at $191.42 unfolded as 5 waves.

Hello everyone. In today’s article, we will look at the past performance of the 1H Hour Elliott Wave chart of Apple Inc ($AAPL). The rally from 12.11.2023 low at $191.42 unfolded as 5 waves. So, we expected the pullback to unfold in 3 swings and find buyers at 195.31 - 193.16. We will explain the structure & forecast below:

$AAPL 1H Elliott Wave Chart 12.17.2023:

Here is the 1H Elliott Wave count from 12.17.2023. We expected the pullback to find buyers from the blue box area at red 4 in a 3 swing structure (ABC) at 195.31 - 193.16.

$AAPL 1H Elliott Wave Chart 12.20.2023:

Here is the 1H update few days later, showing the bounce taking place as expected. The stock reacted higher after reaching the blue box area allowing longs to get a risk free position.

Source: https://elliottwave-forecast.com/stock-market/apple-aapl-found-buyers-blue-box-area/

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